Bitcoin Forum
May 28, 2024, 09:22:45 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 [74] 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 ... 259 »
1461  Economy / Gambling discussion / Re: Crypto gambling websites need to add self-control functionality! on: February 01, 2020, 10:16:18 AM
Lately, I've been gambling a bit too much again and it's impossible to add limits to most crypto gambling websites.
Heck, I've found it to be impossible to just remove your account, without contacting support.

I think it should be mandatory, or at least standard, to include easy ways to prevent members from gambling.
In my country (Belgium), legal gambling websites are required to have player-imposed limits, plus general limits on their websites.
I wish crypto-based gambling websites would do the same.

Anyway, I've just sent an e-mail to the one casino I was still playing on, to close down my account. I hope they'll do that without any issue.
But still, I wish they would just add a function to do it by yourself, or add some self-control functionality.

I.e. let people exclude themselves for X amount of time

I'm pretty sure stake.com lets you do this.

But honestly, how is this going to help? The abundance of gambling sites in the cryptospace and the fact that they don't require any KYC/AML for most of them mean that you're always able to open up another account if you get the urges to do so.

At the end of the day, what matters is your own thoughts. Limiting yourself or self-excluding doesn't do much given the fact that if you do get the urge to gamble again, you can always find a way to do so, and it's way easier than physical casinos.
1462  Bitcoin / Bitcoin Discussion / Re: 100 Days Left before Bitcoin to be more Scarce on: February 01, 2020, 10:06:30 AM
Why do people still seem to believe that bitcoin will become more scarce after a halving?

The supply of BTC will still continually increase regardless of whether or not there is a halving. After the halving, the rate of emission of new BTCs simply slow down - but that does not mean that all of a sudden previously minted BTCs will disappear out of thin air or anything of that sort.

People need to realise that bitcoin is disinflationary, not deflationary. It's one of the things that are grossly miscontrued by bitcoin naysayers.
1463  Alternate cryptocurrencies / Altcoin Discussion / Re: Is BCH, BSV more profitable than Ethereum? on: February 01, 2020, 10:01:10 AM
More profitable in the short run?

Perhaps. There is every possibility for these coins to outperform other alts in the short run, because of how volatile they are. But in terms of long term potential there is simply no comparison here - established cryptocoins such as the likes of BTC and ETH have much better long term fundamentals compared to any of these bitcoin forks and wannabes.

Especially BSV, where it's extremely obvious that its value is derived solely from lies perpetuated by CSW. There is no value to be had there.
1464  Economy / Reputation / Re: 🔥 Vile Chipmixer Bounty Abuse 🔥 Probably the Biggest Con Job on Bitcointalk on: January 31, 2020, 07:11:44 AM
What this all comes down to is money. Lol
1465  Economy / Lending / Re: magneto's lending service [optional collateral for reputed members] on: January 30, 2020, 07:49:31 PM
What's your interest rate ? And how it will be calculated ?
The response to this question is fundamental so users can make the comparison and choose or not to take loans from you.

If a reputable forum member account is hacked, and the hacker use it emmidiatly to take a no-collateral loan from you before the original owner declare the stealth of his account. This is why you should add to the tems that everyone willing to ask for a No-collateral loan has to sign a message from an old staked (unedited) btc address or a PGP signature containing actual date .

I wish you the best of luck and looking forward to use your service in the future  Smiley

Hey, thanks for your interest.

I'll need to nail down the specifics first. I already received a few scam attempts on Telegram so I need to rethink my strategy before reopening.

Thread locked for now.

EDIT: Reopened! Interest is negotiable. PM/post here for loans Smiley
1466  Economy / Exchanges / Re: Exchanges are now potentially banning btc sent to a mixing/conjoin services on: January 30, 2020, 12:23:55 PM
I remember the bittlecat tweet. Looking back at it, it was an amount smaller then half a bitcoin, so I am pretty sure the reason for the flag would have been automatic. I don't see Binance support approving transactions that small personally, it would make sense if it was higher then 20 BTC, or something. I am curious to know how they found out the wallet from just a single address? Via twitter responses: "Wasabi uses a static fee address which would have most likely been the immediate next transaction that the new bc1 address would have been immediately associated with.", it seems like a combination of static fees + previous withdrawals to Wasabi.

Back on topic, it seems that the Wasabi fees have been flagged and is causing an issue for people. However, this response is a bit scary
.
https://twitter.com/RonaldMcHodled/status/1222181343922049025

So it looks like the exchange did post-chain anaylsis, and was able to detect that the user was doing a mixer transaction, even though the first address wasn't even to a mixer? There are no rules against this, and it's pretty shocking that this could have happened - the bittlecat instance is understandable, but this is taking things onto a next level.
1467  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: January 30, 2020, 11:48:54 AM
Let's beat this with actual statistics, I think it's pretty obvious this person doesn't really understand anything about what she is talking about anyway.

Going off a graphic, it seems in 2018 the world used 200,000 (TWH), and following the usually % increase in electricity cost, it's fair to say that ~ 84.23 TWH has been used in 2019. Now, I am using a tool created by students at Cambridge university - https://www.cbeci.org/.

With the current bitcoin network power (which keep in mind, is even higher then the network power last year), it estimates that 10-11 GW is being used a year for bitcoin network power. 0.042‬% of electricity... That is not a much, compared to how much % other services take up.
1468  Economy / Economics / Re: If you could invest your cryptocurrencies in the environment would you? on: January 30, 2020, 11:27:20 AM
Yeah I'd say its pretty sensitive to a lot.
Why should we invest in the environment, we don't own the world and need to get away from that?
The people destroying the environment (the energy companies) ought to be the ones to try to "fix" the environment.
Here goes the argument of environmental sustainability again. Skipping over all the arguments, I don't think it's bad to understand what sort of carbon footprint you are leaving on the world. The second we where given life, we where given certain responsibilities and protecting the Earth can be argued as one of them (we aren't on Mars yet, might as well not ruin Earth yet). Nothing anyone can do will make sure that energy companies will go renewable, some of them have started making small shifts towards it, but unless something drastic happens (I am thinking either political or environmentally), they aren't going to give up a free source of income.

There are certain services in plan that already allow you to use your crypto-currency for a better cause, however, I think even though things like planting trees is great for the environment, the most effective thing we can do reduce how much fossil fuels are burned by miners, and either go green - or go to another coin that doesn't require using so much power to mine (in the distant future although).
1469  Bitcoin / Bitcoin Discussion / Re: Change mainstream media's perception on "Bitcoin being used by thieves" on: January 30, 2020, 11:02:01 AM
People who are going to be sheep and believe anything they hear on the internet, or on the TV, or from their government and not do their own research are going to keep doing so until something drastic changes their mindset. The fact is, stupid/lazy people are going to be stupid/lazy for as long as possible.

I don't think the mindset is that now, however. Maybe 3 or 4 years go, you ask anyone about bitcoin and you'll be greeted with responses like "isn't that a ponzi", or "oh, isn't that the new currency that is funding terrorism/drugs?" However, in the last couple of years, there has surprisingly been a lot of positive coverage about crypto-currencies and it's lead to a change in public perception and is prompting a lot of people to actually read about the technology before brushing it off.
1470  Economy / Economics / Re: $900K worth of counterfeit U.S. currency seized on: January 30, 2020, 10:21:34 AM
Have to expect a few conspiracy theories designed to explain this.

Some will always see conspiracies everywhere they look.
^^

Although, it could be what he said. There are a lot of people in China that are in the business of printing fake money or selling fake clothes/technology. Basically, anyone would have seen fake shoes/clothes that are being sold for huge amounts of profit. The chances that the counterfeit money is actually from China, is not low in the slightest.

Although I might be a skeptical person, it does seem weird that the US secret service was just able to track the money from China. If there was more information explaining the process, maybe it would seem more believable, but now it just seems like a case of he said that, and I don't have the highest amount of trust in the US government with some of the things they've been involved in.

Customs in the US is actually quite bad from the glimpses I've seen. It's not as in-depth as other countries and a lot of it relies on technology that can be cheated easily, and random strokes of luck.
1471  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATMs normalizing Cryptocurrency on: January 30, 2020, 08:44:38 AM
I don't believe it's the case. Bitcoin ATMs around my area do not seem popular at all, and the models that are present around my area seem to worth around 20,000 USD or something. I highly doubt that the ones around my area are making a lot of profit, especially with maintenance fees (and keep in mind that this area is basically the business district of my city).

Most investors will rarely use ATMs. They charge horrific spreads and using exchanges, or other P2P platforms are a lot cheaper, and sometimes more convenient for people.

Personally I think it comes down to Bitcoin, itself seeing a lot of growth during the years, and then people trying to jump on the bandwagon and profit off ATMS.

I'd like to see an exact number/percentage to how much ATMs make per transaction, and how much they've made.
1472  Economy / Gambling / Re: 🔥🎲Luckydice.com 🎲🔥 - ⭐ 100,000 USD Jackpot ⭐ Cashback ⭐ Faucet ⭐ Unique Game ⭐️ on: January 29, 2020, 08:20:31 PM
Site looks really fun.

Are the house edges on the dice game the same as the numerical dice, though?

I was going to deposit some money to try it out, but I realised that the house edge was a whooping 10% - going under 89.10 on dice, which usually results in 1.1x or similar payout, will only yield you 1.01x payout in this case.

Just my 2 cents. There is every chance that you are able to find a niche that loves this theme and would pay a risk premium/payout haircut for it, but there are also a good deal of people that are driven away I'd imagine.
1473  Economy / Trading Discussion / Re: Selling an app for BTC on: January 29, 2020, 08:03:02 PM
Hello everyone,

first post here, I need some advice because I'm selling an app and the buyer wants to pay in BTC.
What he asked is to register a BTC wallet on crypto247exchange so he can send me the money via Escrow, because apparently he reached his withdrawal monthly limit, and can only send unlimited BTC to wallets registered on the website. Just to be sure, I'm gonna send him the source code of the app only after receiving the payment.

What I'm asking is:

1) Is this method safe and the site reliable?
2) Can this be part of a scam and if yes, how?
3) After receiving the money, will it be hard to convert my money to fiat on my bank account?
4) What are the withdrawal limits and exchange fees?

I know it's a lot to answer to, so thanks in advance.

It could be and probably is a part of a scam.

We've seen many instances of this happening before. One person telling the other to withdraw for them on a site (which is owned by the scammer himself), but telling him to send over the BTC first before the withdrawal ever clears. Mostly this scam is done by spoofing exchanges, and disseminated through discord, but it could obviously be applied to a range of scenarios.

Needless to say it's just all part of the ploy, something that you don't want to be involved in, ever.
1474  Economy / Lending / Magneto's Lending Service | Interest from 0.08% per day | Collateral optional on: January 29, 2020, 07:55:40 PM
I'm offering loans of up to 2 BTC. No collateral loans can only be requested by those with sufficiently high reputation.

Some terms:

I reserve all rights to reject loan applications.

Collateralised loans
- I ONLY take liquid altcoins , preferably traded on Binance, as collateral. I may reject any altcoin collateral that I deem to be too risky in terms of future fluctuations.
- Collateral value must be 120% or more of loan value (principal + interest)
- I reserve the right but not the obligation to liquidate collateral when it falls below 105% of total loan value.
- Escrow is welcome at your cost.
- For larger loans, feel free to show me any quotes from other lenders and I'll try to beat it (assuming aforementioned collateral criterion are met).
- If you wish to keep the loan private, feel free to PM me the request or message me on telegram @xmagnetox1. I will, however, require proof of you being the forum member you claim to be.

*Interest rates*: 0.08% per day for loans above 0.5 BTC, 0.09% per day for loans from 0.1-0.5 BTC. Minimum interest is 0.001 BTC and you cover any transaction fees.

No collateral loans
-  You must apply on this thread, no applications on PM.
- Interest rates are negotiable
- I will only give you a loan if you have sufficient reputation, newbies, Jr. Members, etc. stay away.

For both types of loans, please use this table to apply:
Code:
[b]Loan Amount: [/b]
[b]Collateral (if any): [/b]
[b]Repayment Amount: [/b]
[b]Repayment Date: [/b]
[b]BTC Address:  [/b]

All loan repayments will go to: bc1qj0u35c8rea0ez007e60e4rf8jqz9nlgx6vslfw, unless I sign a message using one of my old addresses.

Thank you!
1475  Economy / Trading Discussion / Re: How Can A Trader in this Business Protect Themselves Against Volatility Risk? on: January 29, 2020, 11:24:26 AM
It's very simple for anyone to open a futures position on an exchange such as Bitmex or Deribit.

I suspect that big time traders on LBC with actual risk management plans and low spreads will open offsetting positions on derivatives exchanges so that the price action of BTC in the short run doesn't negatively impact them.

I know for a fact that precious metals dealers use this to protect themselves from volatility of silver/gold prices, but I can't be 100% sure that this is commonplace in p2p trading. It is definitely a good way to manage exchange rate risk, while retaining the profits you've got on the spreads, though.
1476  Economy / Economics / Re: Countries with banks to buy and sell cryptocurrencies on: January 29, 2020, 11:08:02 AM
Banks in Germany started to allow people to buy and sell cryptocurrencies this January 2020. I think other countries will do the same soon, Japan might be another country with such services. In the beginning, someone has to start something so others can follow suit. 

What are the other countries where anyone legally can buy/sell cryptos at commercial centralized banks?

I really don't get the obsession that people seem to hold over traditional banks embracing bitcoin.

As far as I know, commercial banks aren't the ones that are currently integrating BTC in their day to day practices. Rather, the only traditional institutions that are able to sell them as investment products are financial intermediaries as well as investment banks.

Commercial banks aren't exchanges anyway. They need not fill the role of a crypto exchange for crypto to succeed.
1477  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO legalities in 2020? on: January 29, 2020, 10:52:20 AM
Even though ICO's have lost the appeal lately.

I was just wandering about the legalities. The SEC website confuses me. In the eyes of the SEC are true utility tokens still classed as securities in the USA? Is this why many companies avoid the USA when it comes to ICO's?

If a company from outside the USA releases a token, do they have to comply with SEC regulations to enable usa investors?

I am not from the usa but live here now. Is it a resident or a citizen issue?



It's probably exactly that - there are certain regulatory hoops that you'd have to jump through as soon as the thing that you are trying to sell constitutes a security rather than a utility token per se, and it is very difficult to comply with SEC regulations.

We've already seen projects like Kiktoken and so on getting shut down by the SEC and asked to pay a fine because of the fact that they marketed to US audiences, and obviously no company would want that to happen to them.

It's better safe than sorry for sure. You don't want the future of your company being in jeopardy.
1478  Economy / Exchanges / Re: BITTREX account HACKED - having 2FA ON on: January 29, 2020, 10:41:54 AM
I've seen a lot of these cases before, so you are not the first one.

It could be very possible that the hacker simply had access to a lot more than you imagine, including your email which wiped away the login notifications. How exactly he was able to obtain the 2FA, I don't know, but have you had anyone over that could be a potential suspect?

Anyhow, don't count on bittrex giving you a refund for this or whatever, because they will simply create moral hazard in the sense that in the future, people will simply expect them to do the same to them.
1479  Bitcoin / Bitcoin Discussion / Re: Bitcoin is wasting electricity and are harmful to the environment.. Yea right!!! on: January 29, 2020, 10:27:31 AM
It's honestly one of the more desperate measures that people take in order to slander BTC.

Any rational human being would look at this and say that BTC has no further bad impacts on the environment compared to something like traditional banking institutions. They seem to forget that these banking institutions use up just as much if not more power (and physical space) as decentralized networks like BTC.

It's laughable. Wasn't there even a news article about how BTC is essentially just using up excess energy on the grid anyway?
1480  Economy / Lending / Re: Loan request, 0.025 BTC on: January 28, 2020, 07:29:04 PM
Oh, now you want this "loan" for food... What's next, your rent or your bills?! Cheesy
Just answer this simple question. Why would someone give you money without any guarantee that he will get them back?

I'm offering some sort of guarantee. I exposed my identity. I linked to a project that I completed, but I'm waiting for it to be marked as complete. I'll get paid in less than 10 days, but I need to cover for some expenses right now. If I had liquidity in form of collateral, I wouldn't be asking for a loan here. Tongue

Why would someone give me money without any guarantee? Well, because lending is a risky operation where you get a high return in just a few days. And now while I'm typing it, I see that I forgot to state the amount I'm willing to pay back, and when. Silly me.

Well, I'm willing to pay 0.035 BTC in 10 days top. And yes, I'll be buying food, because I need to cover for some expenses like I said, and also I'll get paid about Feb 4. Nope, I'm not going to use the loan to gamble on a margin trade like most people do.

And what do all of this have to do with the lender?

You offering a guarantee of future income is not valid as a form of collateral. The lender still has to take your word for it that you will pay forward the future income, and that you will obtain the future income that you say you will be getting in the first place.

Furthermore, I hope you realise that collateralised loans are very common for a range of purposes, including when you don't want to cash out a certain investment but need liquidity or want to short a certain coin.

All you have right now is your reputation, which isn't a lot considering that you're just a junior member. I'm sorry, but we've seen too many instances of people failing to pay back on no collateral loans, even for prominent users of the forum (like xetsr).
Pages: « 1 ... 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 [74] 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 ... 259 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!